Fears Over Norway's Economy, Krone Are Exaggerated, Commerzbank Says

Nguyen, an FX strategist at Commerzbank, discusses the impact of oil price fluctuations on various currencies, including the ruble, Canadian dollar, and Norwegian krone. He notes that while these currencies are affected, the fears may be exaggerated, especially for the Norwegian krone. Nguyen also provides an update on China-US trade relations, highlighting potential meetings and China's encouragement of FDI in the auto industry. Lastly, he shares insights on the CNY exchange rate outlook for 2019, suggesting it will remain stable despite ongoing trade tensions.

Which currencies are primarily affected by changes in oil prices according to the discussion?

• Japanese Yen and Swiss Franc

• Indian Rupee and Brazilian Real

• Ruble, Canadian Dollar, and Norwegian Krone

• Euro and British Pound

What is the speaker's view on the market's reaction to the Norwegian krone's weakness?

• The krone will continue to weaken.

• The krone will not recover.

• The fears are exaggerated and the economy will perform better than expected.

• The market's fears are justified.

What recent development is mentioned regarding US-China relations?

• A new trade agreement has been signed.

• A potential face-to-face meeting in early 2019.

• China has imposed new tariffs on US goods.

• The US has lifted all tariffs on Chinese imports.

What is China's Commerce Ministry planning to encourage in the auto industry?

• More domestic production

• Increased exports

• Higher tariffs on imports

• More foreign direct investment

What is the speaker's stance on the future of the Chinese yuan?

• It will fluctuate unpredictably.

• It will depreciate to 8.

• It will remain relatively stable around 7.

• It will significantly appreciate.